Life insurer MetLife is planning to refund nearly $190m to American International Group (AIG) following a victory by one of its units in legal proceedings filed in a Tokyo court. The American Life Insurance Co (Alico), which won the ...
Tags: MetLife, Life insurer, AIG
Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US. The company has also appointed Robert Staples as senior vice president, Surety and will report ...
Tags: Allied World US, AWH, new surety line
The Dow industrials posted their third triple-digit-point gain of the year, as Hewlett-Packard and American International Group AIG rallied on earnings and a reading on German business confidence topped expectations. The Dow Jones ...
Tags: Dow industrials, Hewlett-Packard, company news, AIG
American International Group (AIG) has registered a net loss of $4bn, or $2.68 per diluted share, for the fourth quarter of 2012 compared to net income of $21.5bn, or $11.31 per diluted share, during the same period last fiscal. After-tax ...
White Mountains Solutions Holding Company has signed a definitive agreement to buy a runoff insurance subsidiary of Leucadia National Corporation (LUK), Empire Insurance. Subject to customary closing conditions and regulatory approval ...
Tags: White Mountains, Empire Insurance, Insurance
American International Group (AIG) has inked an agreement to purchase Aurec Gold Investments’ 49.99% interest in AIG Israel Insurance Company (AIG Israel), for an undisclosed sum. The acquirer already owns 50.01% interest in AIG ...
American International Group (AIG) has rolled out its latest CorporateGuard D&O policy on the pan-European basis, which offers protection against current risks to directors and officers, as well as fulfills growing corporate governance ...
American International Group (AIG) has signed a bancassurance agreement to serve as exclusive provider of non-life insurance products to HSBC Group customers in Turkey and France. Following the partnership launch in the first half of ...
Tags: AIG, bancassurance agreement, HSBC
American International Group(AIG)has inked a$400m reinsurance transaction with Compass Re to provide peak-zone protection against US hurricanes and earthquakes. In order to fund its potential obligations to AIG,Compass Re has also issued ...
Tags: AIG inks, 400m dollars reinsurance coverage, deal with Compass Re
US based American International Group (AIG) has entered into a non-binding term sheet with Chinese state-owned insurer PICC Group to set up a proposed joint venture insurance agency company that will sell life insurance and other insurance ...
Tags: AIG, PICC, insurance products
American International Group (AIG) has introduced CyberEdge business risk and insurance cover in the Middle East to negate the threat of cyber-attack to a company. AIG MEA Region Professional Indemnity head Juliette Pettit said, ...
Tags: AIG, CyberEdge business risk, insurance, Middle East, cyber attack
White Mountains Solutions Holding Company has signed a definitive agreement for acquisition of a runoff subsidiary of US insurer, American International Group (AIG). As part of the agreement, White Mountains will acquire American Fuji ...
The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
American International Group,Inc.(AIG)has entered into an agreement with an investor group led by the chairman of New China Trust Co,Weng Xianding,to sell up to 90%stake in International Lease Finance Corporation(ILFC). The investor ...
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter